Nama set to lease docklands site

Nama is sounding out potential investors about a long leasehold interest in a 2.35 hectare site in Dublin’s docklands.

Under the lease, the purchaser would have the right to develop, manage, and realise the site. Nama will retain the freehold interest, thereby generating and maximising its return via a ground rent structure, it said in a statement.

“This is good news for the docklands and good news for Nama. It will introduce new investment into the area and open the door for further development in neighbouring sites,” said Nama CEO Brendan McDonagh.